Chapter 394 [British Telecommunications Industry]

On Tuesday, Lam Cho Fai, on behalf of Asia Containers, and Wilson, the President of Ironline Steamship of the United Kingdom, formally signed an equity transfer agreement for Port Felixdu, involving an amount of 800 million Hong Kong dollars (55% equity).

As a result of this transaction, Asia Container now owns a 75% stake in Port Felixdu, at a total cost of HK$1.1 billion. The remaining 25% stake is also on the next acquisition agenda.

The British Iron Steamship is a long-established company, and in 1837, it started a sea passenger and mail transportation business using steam sailing ships, which is the prototype of cruise ships. Although it has a glorious history, it still can't stop the company from going downhill and selling assets to get by. In fact, in the 21st century, the company is still struggling.

After taking Port Felistæ, Lim continued to operate in London, and his next goal was to enter the telecommunications industry in the UK.

In an office building in London, Lin Zuhui was listening to a report from Lang Stot, president of Times Communications.

At the beginning of this month, Times Communications has registered a subsidiary in London, Times Communications (UK), which intends to develop the UK's telecommunications industry and become one of the largest telecommunications providers in the UK.

The first step for Great Wall was to acquire one of the UK's national paging companies and a CT1 licensed wireless telephone company.

In Heungjiang, this industry is known as 'non-proprietary telecommunications', which provides customers with cordless telephony and communication services, which are ordered from mobile phone manufacturers such as Motorola. In this era, mobile phones cannot be sold separately, and must be sold by telecommunications companies that charge high network access fees. Of course, telecommunications providers also need to invest a lot of money to set up signal stations.

At this time, in the telecommunications industry, all countries are still like babies, and the penetration rate of wireless telephones is not high, so it is very suitable for Lin Zuhui to enter this field at this time.

"Boss, we have reached an agreement with Milicon Paging Company to acquire usWe are negotiating with a mobile phone company that holds a CT1 license, and I believe that we will soon be able to achieve something." Lang Shi reported seriously.

Lin Zuhui looked at the information about Miliconam, which is one of the seven paging companies in the United Kingdom, and the purchase of it means that Times Communications (UK) has taken a solid step in the UK.

In this era, pager services are much more popular than wireless phones, and when customers have mobile phones, they must have pagers.

Lin Zuhui nodded and said: "This industry is like an emerging industry, and we have an advantage when we intervene at this time." Hutchison Communications has developed in London this year, and we have to invest faster than them and invest more than them! ”

Hutchison Communications currently has a pager service market in Australia, but Lin Zuhui plans to only develop the European telecommunications industry, which is the leader of the world's telecommunications industry, and the European GSM (European Telecommunications Standard) is more popular around the world, not to mention that Lin Zuhui is still thinking about 'selling oranges'!

Langstoin immediately said with confidence: "Boss, rest assured, we must be better than Hutchison Communications in Europe!" ”

Lin Zuhui nodded, he understands the history of the European telecommunications industry, as long as the 3G license came out around 2003 and did not participate in the bidding, this industry can make a lot of money.

The competition for 3G licenses is fierce, and governments around the world want to make a lot of money, resulting in too expensive license fees; And it is necessary to invest a lot of money to build a communication station, and when the cost can be recovered, 4G will come out again.

2G communication is different, it will begin to appear next year, with nearly 15 years of development, and you can start your business immediately, first invest a lot of money to increase customers, and then seek to go public to return to your capital, and finally sell your shares to earn hundreds of billions.

This is actually the earliest 'Internet' routine, which was played by Li Chaoren and Huo Jianning first in the previous life.

Lin Zuhui invested heavily in the UK and was reported by the local media, because he was young enough, he received far more attention and topicality than Li Chaoren, so the media was very sought after.

Therefore, the news of the investment in Port Felixdu and Milicon soon spread to Hong Kong, which surprised Li Chaoren and urgently convened a high-level meeting of Hutchison Whampoa.

In the conference room, Li Chaoren showed a very little regretful expression, and said: "Port Felisdu, the port I have been considering acquiring, was actually preempted by Asian containers. ”

Ma Shimin said: "When Modern Container invited Jardine Matheson to join, we all guessed that they were for Kwai Chung Container Terminal 9. Now it seems that it is because modern containers need British capital to develop ports in Europe and the United States. Chairman, even Lin Zuhui knows about overseas development, should we also consider increasing investment overseas at the same time, and reoccupy, which is more conducive to the development of Hutchison Whampoa! ”

In the matter of re-registering, Ma Shimin represents the British-funded interests of Hutchison Whampoa. Because of this, Ma Shimin actually fell out with Li Ka-shing and his son in the past few years, which eventually led to his resignation in 1993 as general manager of Hutchison Whampoa.

Some British executives have chimed in, and in their opinion, Lin Zuhui is a new immigrant from the mainland, and now they have begun to invest overseas, and they are obviously not so dedicated to the mainland. Then, Hutchison Whampoa, as a group with a large proportion of British capital, should be re-registered overseas.

Huo Jianning's brows furrowed, of course he knew the boss's thoughts, once the registration was moved, the influence would be greater than that of Jardine Matheson, and the boss would immediately attract fierce criticism from the mainland. So, if the investment in the mainland is not done in the future, won't the investment in the previous years be wasted?

Sure enough, Li Chaoren said resolutely: "Xiangjiang is the most suitable place in the world to develop a company, it can do business in both the West and the mainland, and it is very suitable for developing Hutchison Whampoa into a worldwide group company." Therefore, you don't need to talk about the re-registration anymore. Now what we need to discuss is that the development of Hutchison Whampoa in European ports and British Telecom has met real opponents, and we need to carry out targeted development to surpass the New Era Group. Now, tell us what you think about that! ”

Under the suppression of Li Chaoren, the British capital that was about to move fell again, and he fought against the British triumvirate Richard Richard and others in Hutchison Whampoa, and finally won and drove the three away, so he has established a lot of authority.

Next, Hutchison Whampoa expressed its own opinions, which is nothing more than to start buying ports in Europe and investing heavily in the British telecommunications industry.

In fact, soon in the British telecommunications industry, the two Chinese companies will shine, and they do not belong to the existence of local enterprises. (For now, landlines are absolutely mainstream, so the UK is not open to foreign companies)

After taking care of the British ports and telecommunications, Lin Zuhui immediately got busy, and he spent another three days in London to recruit the management of the family office.

The candidates who came to apply for the job were all introduced by headhunting companies, and all of them were excellent talents. However, Lin Zuhui is more cautious and does not plan to recruit all the personnel of the family office soon, which will seem to be in a hurry. So, in the beginning, it was just a shelf for management.

After three days of hiring in London, he flew to Los Angeles for another three days of recruitment.

In the end, he identified a total of 16 senior staff, including six heads of family offices.

Family offices have taken shape:

CEO: Rob Featherstonhower (American)

Investment Management: Bruce Wayne (U.S.)

Estate Planning Department: George Hall (British)

Tax Planning Department: Li Zhaolin (British-Chinese)

Trust Service Department: Wen Tianlun (Chinese Canadian)

Family Governance: Burchar (American)

Administrative Services: Charles (British)

None of the seven core executives are from Xiangjiang, and that is because Xiangjiang people are not familiar with the operation of 'family offices', so they cannot find top talents. However, there are two Chinese joining, which can be regarded as Lin Zuhui's deliberate, and of course, the two Chinese are also top talents.

For example, Li Zhaolin is a high-level talent with an accounting background and has rich work experience.

However, in order to counterbalance this situation, Lin Zuhui will definitely recruit some senior staff in Xiangjiang; Xiangjiang is a place where Chinese and Western cultures meet, and English is also one of the official languages, so there is no problem for Chinese and foreigners to communicate.

The Lin family office is committed to a world-class family office, and there will be three headquarters in the future - Xiang****), Switzerland, and Los Angeles.